Disaggregated Foreign Trade, Exchange Rate and Growth in Poland: Simulation and Optimal Control

Piotr Wdowiński ()
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Piotr Wdowiński: University of Lodz, Department of Econometrics, Poland

Chapter 4 in FindEcon Monograph Series: Advances in Financial Market Analysis, 2012, vol. 10, pp 59-85 from University of Lodz

Abstract: In Chapter 4 which is macro-oriented, P. Wdowiński proposed a multiple-equation econometric model to address issues of disaggregated foreign trade, exchange rate and growth in Poland within simulation and optimal control experiments. The conclusions on mainstream policy-making were given as it turned out that the interest rate changes had an impact on the zloty exchange rate and prices. The exchange rate zloty/euro has not proven to be a particularly important factor for exports growth, this growth factor was the foreign demand. The decline of a risk premium in terms of a presumption of a common monetary policy (accession of Poland to the euro zone) resulted in the zloty appreciation against the euro to around 4 zloty/euro.

Keywords: Simulation; Optimal control; Foreign trade; Exchange rate; Economic growth (search for similar items in EconPapers)
JEL-codes: C01 E02 F00 G00 (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ann:findec:book:y:2012:n:10:ch:04:mon

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